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Greenpeace has said its facility for accepting Bitcoin donations will be scrapped as it is “no longer tenable” in light of the climate crisis. Go to Source Powered by WPeMatico
Vitalik Buterin thinks crypto is in a bubble, but doesn’t have a prediction of when it will pop and he believes there is a “possibility” Ethereum will overtake Bitcoin in the future. Go to Source Powered by WPeMatico
On Wednesday, the firm Bit Mining Limited, formerly known as 500.com, announced it has entered into a binding investment in a cryptocurrency mining data center located in Texas. The binding investment worth $25 million is with Dory Creek, LLC as the two companies will construct and operate a 57.2 MW mining facility powered by 85% … Read more
Bitcoin slipped below the 20-week exponential moving average for the first time since February 2020, which is a big bearish signal. Go to Source Powered by WPeMatico
On Wednesday, cryptocurrency markets continue to drop lower in value, as the entire crypto-economy has plunged 17% below the $2 trillion mark and now rests at $1.801 trillion. Bitcoin, the leading cryptocurrency in terms of market capitalization, touched a high of $40,770 per unit at 4:48 a.m. (ET). A few hours after hitting that price … Read more
Elon Musk may have egg on his face after his comments effectively erase all the money his company made from buying Bitcoin. Go to Source Powered by WPeMatico
Ark’s Q1 SEC report revealed holdings of 639,069 shares in Grayscale’s Ethereum Trust, worth more than $20 million. Go to Source Powered by WPeMatico
Crypto adoption is booming in 2021, but how long can the celebrity-fuelled hype train last? Go to Source Powered by WPeMatico
Scammers are impersonating Elon Musk and other prominent crypto figures to dupe naive investors out of their coins at an accelerated rate. Go to Source Powered by WPeMatico
Following concerns raised by Tesla CEO Elon Musk about Bitcoin’s energy consumption, global asset manager Ark Investment Management explained that the concerns are “misguided.” Referring to its research using real-world data, the investment firm emphasized that “the impact of bitcoin mining could become a net positive to the environment.” Bitcoin Mining Could Help the Environment … Read more